Scale in the UAE
Secure pilot projects with Aldar and Majid Al-Futtaim, the leading shopping mall, communities, retail, and leisure pioneer across the Middle East, Africa and Central Asia.
The world is going through change at an accelerated pace, and NFTs are suddenly at the heart of it all. But the average person doesn’t know what Fungible even means, let alone how to mint.
Let’s rewind and break it down slowly, the old way.
Innovation and digital transformation are key strategic themes at Aldar, a leading real estate group in Abu Dhabi (UAE) with a total asset value of $10 billion. And the potential for us to leverage this clout to unlock new customer experiences is limitless.
That is where Aldar Scale Up comes in; as a driving force to further innovation.
Developed in partnership with startAD, the Abu Dhabi-based global startup accelerator, powered by Tamkeen and anchored at NYU Abu Dhabi, this second edition of Scale Up is taking bets on web3 innovation, with a view that anything is possible in the metaverse, as long as it improves lives and humanity.
Through a 4-week equity-free accelerator, we promise to provide global tech startups with a gateway to real opportunities, guidance and networks for succeeding in the UAE, perhaps the most forward-focused market in the world today.
This will be achieved through pilot projects with Aldar, and other market leaders in the region, for successful startups that get successfully accepted into the program.
With The 1st edition of Aldar Scale Up, we saw 9 startups participating from 8 countries, offering solutions that leveraged the Internet of Things, smart sensors, communications, and analytics.
And 3 of these startups secured paid pilots with Aldar. After the resounding success of the first, through the ambit of Scale Up, Aldar is seeking ambitious Web3 founders for its second edition.
In recognition of the accelerated shift towards Web3, the second edition of Scale Up will become one of the UAE’s first programmes to attract international startups with technologies that have the potential to shape the open metaverse.
Applications are now closed. Stay tuned for updates on our social media channels.
To build something beautiful, we first need to understand what it is we are building towards.
To quote Chris Dixon’s tweet,
“web1: read, web2: read / write, web3: read / write / own”
In its broadest sense, Web3 refers to a version of the internet where we've gotten rid of the middlemen and replaced them with applications governed by users.
The middlemen here are usually characterised as Big Tech companies. And the applications replacing them as being governed by users via the ownership of specific crypto tokens, operated using blockchains.
Definition courtesy Jaspreet Singh, the-ken.com
If you are building the Metaverse and winning with web3, you should apply.
Tokenization, NFTs, DAOs, Fungible, Smart Contracts, Layering, Polygon, Matic, Fractional Ownerships, and more!
Question: How do you use the latest thinking and techniques with web3 to address everyday real-estate focused challenges, traditionally tackled with web1 and web2?
Using these focus areas:
Startups who revolutionize asset management via blockchain solutions through tokenizing assets, supporting fractional ownership, tokenized loyalty programs, NFTs, metaverse, smart contracts, and data management.
Startups who provide clients with the ability to extract, clean and analyze existing data. Helping uncover actionable real estate market trends, insights and predictions.
Startups who focus on reimagining the customer experience and retail journey post-pandemic. Creating an engaging and much more personalized experience.
Ownership Authenticity
Asset Tokenization and Mirroring in a Metaverse
Crowdsourcing asset ownership
Decision making matrix for asset management (with a DAO, for example).
Secure pilot projects with Aldar and Majid Al-Futtaim, the leading shopping mall, communities, retail, and leisure pioneer across the Middle East, Africa and Central Asia.
Get subsidized access to housing at Aldar’s Cloud Living spaces during the pilot execution phase and receive support from Aldar for securing UAE Golden Visas
Get inducted into startAD, the Abu-Dhabi based global startup accelerator anchored at NYU Abu Dhabi & receive alumni benefits such as software discounts, talent and network access.
Complete and submit the application form before the deadline.
You will be invited for a virtual interview if your application is found to be a good fit for the program.
After the interview assessments, you will be invited to attend the program if your startup is one of the 10 to be accepted into the program.
You will present your proposal to a panel of Aldar and Majid Al-Futtaim business leaders
You will be selected to move to the next stage if your startup is one of the top proposals.
You will have onboarding discussions with Aldar and Majid Al Futtaim business units for the pilot projects.
If you are selected for a pilot with Aldar or Majid Al Futtaim, you will be provided with post-program coaching and support to help you launch it.
UK-based startup offering property software solutions through an innovative digital platform, with focus on operational efficiencies, estate optimisation and indoor air quality.
Learn MoreGerman startup that offers innovative IoT products that allow buildings to operate a fully integrated ecosystem that connects, collects, analyses, and optimizes data, autonomously or manually from web-enabled devices.
Learn MoreCompany based in Finland that developed a platform that enables digital communication between the customer, project team, and construction site.
Learn MoreAldar’s investment into Fifth Wall’s European Real Estate Technology Fund makes it the first limited partner from the MENA region to invest in the fund
Read MoreAldar Properties outlines how it has made a conscious switch towards digital and virtual experiences, unlocking a “competitive edge”
Read MoreAbu Dhabi developer picks German, Finnish and British firms to participate in Aldar Scale Up accelerator programme
Read MoreCompanies chosen for first iteration of Scale Up are Germany's Envio, Finland's GBuilder and the UK's Metrikus
Read MoreProperties recently selected three PropTech startups for its Aldar Scale Up programme, in partnership with startAD
Read More